Chocolate Market Worth 1340 Million USD by 2024

Chocolate is a typically sweet, usually brown, food preparation of Theobroma cacao seeds, roasted and ground, often flavored, as with vanilla. It is made in the form of a liquid, paste, or in a block, or used as a flavoring ingredient in other foods.

Chocolate industry in Switzerland is high concentration. Plateau region is the dominant production area of chocolate in Switzerland, according to for about 61.92% in 2015, followed by the Jura region, with the production market share of 28.60%.

Leading players in the chocolate industry are Barry Callebaut, Stella Bernrain, Lindt, Chocolat Frey, Chocolats Halba, Läderach, etc. Barry Callebaut is the largest manufacturer of chocolate, with the production market share of 19.67% in 2015. The top four manufacturers occupied about 43.19% of the total amount.

According to this study, over the next five years, the Chocolate market will register a -0.1% CAGR in terms of revenue, the global market size will reach US$ 1340 million by 2024, from US$ 1350 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Chocolate business, shared in Chapter 3.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Chocolate consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Chocolate market by identifying its various sub-segments.
Focuses on the key global Chocolate manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Chocolate with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Chocolate submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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